HomeMy WebLinkAboutMINUTES - 10162001 - HA.1 RA ,1
HOUSING AUTHORITY OF THE COUNTY OF CONTRA COSTA
v
TO: BOARD OF COMMISSIONERS
FROM: Robert McEwan, Executive Director
DATE: October 16, 2001
SUBJECT: ACCEPT INVESTMENT REPORT FOR THE QUARTER ENDING SEPTEMBER 30, 2001
SPECIFIC REQUEST(S) OR RECOMMENDATION(S) & BACKGROUND AND JUSTIFICATION
I. RECOMMENDED ACTION:
ACCEPT the investment report of the Housing Authority of the County of Contra Costa for the
quarter ending September 30, 2001 as required by SB564(Ch 783).
a
II. FINANCIAL IMPACT:
None. For reporting purposes only.
III. REASONS FOR RECOMMENDATION/BACKGROUND
The Housing Authority of the County of Contra Costa is required to comply with the new local
government investment laws effective January 1, 1996. The quarterly investment report details all
investments of the Housing Authority, including custodial institution, type of investment, amount invested,
yield, investment date, maturity date, investment period, and estimated maturity value. The investments
are in accordance with the Investment Policy, ensuring safety, liquidity and yield. All investments are held
in authorized investment securities.
IV. CONSEQUENCES OF NEGATIVE ACTION:
Should the Board of Commissioners elect not to accept the investment report it would result in an
audit finding of non-compliance and could ultimately affect future funding from the U.S. Department of
Housing and Urban Development (HUD).
CONTINUED ON ATTACHMENT: _YES SIGNATURE
RECOMMENDATION OF EXECUTIVE DIRECTOR RECOMMENDATION OF BOARD COMMITTEE
APPROVE OTHER
SIGNATURE(S):
ACTION OF BOARD ON October 16, 2001 APPROVED AS RECOMMENDED X OTHER
VOTE OF COMMISSIONERS
I HEREBY CERTIFY THAT THIS 1S A
X UNANIMOUS (ABSENT Nnne ) TRUE AND CORRECT COPY OF AN
AYES: NOES:_ ACTION TAKEN AND ENTERED ON THE
ABSENT: ABSTAIN: MINUTES OF THE BOARD OF
COMMISSIONERS ON THE DATE SHOWN.
ATTESTED October 16, 2001
JOHN SWEETEN, CLERK OF
THE BOARD OF COMMISSIONERS
AND COUNTY ADMINISTRATOR
BY, rUTY
H:\judyhmtz\MSOFFIC:E\WINWORD\BOARD\BO-Investment Report.doc
HOUSING AUTHORITY OF THE COUNTY OF CONTRA COSTA
INVESTMENT REPORT
For Quarter Ending 913012001
•' Custodial Institution Investment Types Amount Invested Yield Investment Maturity Duration Est. Maturity Value@
Date Date Days Maturity Date
Bank of America
EAcct 91954-01817 Certificate of Deposit 150,000.00 3.4000/, 5/21/01 10/09/01 141 151,970.14
Acct#1958-85022 Savings 6,344.59 2.500% 0 6,344.59
Sub-totals $ 156,344.59 1 $ 158,314.73
Liberty Financial Co.
Acct#834-30661-17 U.S Treasury Bills 1,020,000.00 4.071% 4/17/01 10/11/01 177 1,040,136.39
APS Financial Corp.
Cash Fund MONEY MARKET 869.47 2.800%
Federal-Fannie Mae Discount Note 750,000.00 5.050% 7/23101 1/23/04 914 844,843.15
Federal-Freddie Mac Discount Note 450,000.00 5.250% 8/16/01 8/15/06 1825 568,125.00
Federal-Freddie Mac Discount Note 500,000.00 5.000% 8/31/01 8/15/05 1445 598,972.60
Federal -Nati Mtg Assn Discount Note 350,000.00 5.050% 10/02/01 10/02/06 1826 438,423.42
Federal Home Loan Bank Discount Note 250,000.00 4.675% 10116101 10116106 1826 308,469.52
Sub-totals 2,300,869.47 1 2,758,833.70
Bearn Stearns Securities
Alliance Insti Reserves Inc Money Market 1,661.00 1 1,661.00
Lighthouse Commmunity Bk Certificate of Deposit 99,000.00 4.000% 4/30/01 10/29/01 182 100,974.58
Key Bank USA ,NA Certificate of Deposit 99,000.00 4.870% 9/14/01 9/14/06 1826 123,119.71
People's ST Bk of Truman Certificate of Deposit 100,000.00 6.140% 9/26/00 10/26/01 395 106,644.66
Greater South Texas Certificate of Deposit 100,000.00 6.150% 9/25/00 11/25/01 426 107,177.81
Nextbank.N.A Certificate of Deposit 100,000.00 6.100% 12/21100 5121102 516 108,623.56
First Bank of Puerto Rico Certificate of Deposit 100,000.00 6.150% 9/20/00 9/20/02 730 112,300.00
EFS Federal Savings Bank Certificate of Deposit 100,000.00 6.200% 9/25/00 10/25/02 760 112,909.59
First Federal Savings Bank Certificate of Deposit 100,000.00 6.200% 9/26/00 11/26/02 791 113,436.16
Habersham Bank Certificate of Deposit 100,000.00 6.250% 9/25/00 12/28/02 824 114,109.59
Flagstar Bank FSB Certificate of Deposit 100,000.00 5.250% 1/11/01 1/13/03 732 110,528.77
Sub-totals $ 999,661.00 $ 1,111,485.42
L A I F(Acct#25-07-003) Liquid Account $ 812,565.26 5.230%1 1 $ 812,565.26
Grand Totals $ 5,289,440.32 $ 5,881,335.50
INVEST 09-01
(SEPT-2001) Page 1 of 1 Last Printed: 10/3/01